Yes - but still AU$1,536 which is, of course, the price that matters for RRL's cash flow.
It always raises my eyebrow that when 'interesting' news comes through the USD POG comes under pressure. To wit;
I don't think anyone really believes that China's gold holding has increased by "only" 600t in that period ... the interesting part (for me) is whether this marks the start of a new phase whereby China progressively discloses it's increased gold holding to somewhere approximating the actual holding.
It is also happening as China moves away from the USD as their bi-lateral trade currency and soon after the establishment of the AIIB. China is also now reducing it's USD denominated Treasury Holdings:
I would hazard a guess that the game is afoot ...
Cheers
John
June Research Report - Regis Resources, page-53
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